Gate's Idle Treasure Supports USD1, Up to 8.16% Returns Possible

Gate Idle Treasure has added support for USD1, allowing users to earn up to 8.16% annual returns.

Starting from September 23rd at 14:00 UTC+8, users can enable the feature on their trading account or contract account with a balance of $1 in USD. This includes accounts holding USDT ($1.00 · Live), USDC ($1.00 · Live), and other supported stablecoins.

The current annual return rate is 6.8%, comprising 1.5% interest on USD1 and 5.3% reward from World Liberty Financial (WLFI ($0.06 · Live)). The actual returns will be adjusted daily based on the reward budget and platform USD1 holdings.

Users who have traded over $150,000 in contracts within the last 30 days can earn up to a 1.2 times higher annual return rate of up to 8.16%. The interest is settled every day at T+1 using the snapshot mechanism.